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Australasia News

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have this year been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director... 

Copper’s supercharged rally creaks on signs of softer demand

By: Bloomberg     15th June 2021 Copper’s stellar rally is starting to creak as investors unwind their bullish bets and evidence of demand weakness mounts in China’s powerhouse manufacturing sector. Prices plunged as much as 4.3% in London, crashing through their 50-day moving average to trade at a seven-week low. Copper hit an... 

Copper’s supercharged rally creaks on signs of softer demand

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill 

By: Simone Liedtke     15th June 2021 The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term... 

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill

Abra gets a positive FID

By: Esmarie Iannucci     15th June 2021 ASX-listed Galena Mining has taken a positive investment decision on the A$170-million Abra base metals joint venture (JV), in Western Australia. The company on Tuesday told shareholders that first production from Abra is scheduled for the first quarter of 2023. 

Ionic starts Phase 4 of drilling programme at Uganda project

By: Simone Liedtke     15th June 2021 ASX-listed Ionic Rare Earths has started Phase 4 of its drill programme at its majority-owned Makuutu rare earth project, in Uganda. Ionic owns 51% of the project. 

Oil and gas industry riding high - Appea

By: Esmarie Iannucci     15th June 2021 The Australian Petroleum Production and Exploration Association (Appea) has unveiled the oil and gas industry’s first Social License report, which has shown that support for the industry was nearly two-and-a-half times higher than opposition. Appea CEO Andrew McConville said the report... 

E79 stock skyrockets on 2.4k g/t at Happy Valley, Australia

By: Mariaan Webb     15th June 2021 The share price of Canadian minnow E79 Resources surged 240% to C$1.26 a share on Monday, as the company reported initial assay results from the first two drill holes at its Happy Valley gold prospect in Victoria, Australia. The two drill holes confirm extension of mineralised structures... 

E79 stock skyrockets on 2.4k g/t at Happy Valley, Australia
HVD003 drill core section (190.40 m) showing visible gold mineralisation and associated sulphides

NT approves Vista's plans for Mt Todd

By: Esmarie Iannucci     15th June 2021 The Northern Territory government has approved US-based Vista Gold Corp’s mining management plan (MMP) for its Mt Todd gold project, marking the final major authorization required for the development of the gold mine. Vista Gold said this week that the receipt of this approval marked the... 

NT approves Vista's plans for Mt Todd

Cobalt Blue launches A$15m capital raise

By: Esmarie Iannucci     15th June 2021 ASX-listed Cobalt Blue will raise A$15-million in a share placement to fund the continued development of its Broken Hill cobalt project, in New South Wales. The company on Tuesday reported that it would issue 50-million shares in two tranches, at a price of 30c each. The company would also issue... 

New petroleum exploration acreage released

By: Esmarie Iannucci     15th June 2021 The federal government has released 80 000 km2 of new acreage in Commonwealth waters under its 2021 Offshore Petroleum Exploration Acreage Release. Minister for Resources, Water and Northern Australia Keith Pitt said the release comprises 21 areas across the Bonaparte, Browse, Carnarvon, Otway,... 

Regis reports new resource estimates

By: Esmarie Iannucci     15th June 2021 Gold miner Regis Resource’s mineral resource estimate has now been estimated at 10.4-million, with the company reporting an ore reserve of 4.8-million, following the acquisition of a 30% interest in the Tropicana gold mine. Regis earlier this month settled the A$903-million purchase of fellow... 

Argonaut raises cash

By: Esmarie Iannucci     15th June 2021 Junior Argonaut Resources has completed a A$5.2-million private placement to professional and sophisticated investors to fund drilling work in Zambia. The company on Tuesday announced that it placed 693.3-million shares, at a price of 0.75c a share under its existing placement capacity. 

New Century hedges its bets

By: Esmarie Iannucci     15th June 2021 Base metals miner New Century Resources has executed a zinc hedging transaction with Macquarie Bank, representing some 25% of the annual production from its Century zinc mine, in Queensland. The company has hedged 90 000 t of payble zinc over a three year period, in equal monthly proportions,... 

Aus firms up zero-carbon partnership with Japan

By: Esmarie Iannucci     15th June 2021 Australia and Japan have jointly committed to support initiatives to help drive a transition to net zero emissions, Australian Energy and Emissions Reduction Minister Angus Taylor announced this week. “Japan and Australia consider a technology-led response is critical to reducing greenhouse gas... 

South African coal supply to fall off coal cliff from 2025 onwards – Jones 

By: Martin Creamer     14th June 2021 South African coal supply is set to fall off a coal-cliff from 2025 onwards, African Source Markets CEO Bevan Jones said on Monday. In response to Mining Weekly, Jones cited the three main factors that would cause South African coal supply to plummet as: 

South African coal supply to fall off coal cliff from 2025 onwards – Jones
Coal stockpiling at Mpumalanga coal mine.

White House highlights manganese as potential preferred battery element contender 

By: Martin Creamer     14th June 2021 The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... 

White House highlights manganese as potential preferred battery element contender
Photo by Creamer Media
The White House on building supply chains.

Weekly Coal Index Report

14th June 2021 Prices continue to surge, with Australian coal leading the charge. Physical cargoes are trading at significant premiums to paper levels, as China has sent officials to inspect coal inventories and crack down on illicit hoarding at several ports. 

Weekly Coal Index Report

OreCorp mulls WA demerger

By: Esmarie Iannucci     14th June 2021 ASX-listed OreCorp is considering demerging its Western Australian exploration assets, allowing the company to focus on the development of its Nyanzaga gold project, in Tanzania. The Western Australian assets includes the Hobbes project, in the Easter Goldfields, which is currently held by the... 

Australian coal outperforming competitors - MCA

By: Esmarie Iannucci     14th June 2021 A new report by the Minerals Council of Australia (MCA) has noted that Australia’s thermal coal industry holds a number of key advantages over competition in the international export market, which could assist in securing the resource future in a low-carbon economy. In its report' Australian... 

EPA approves Kwinana fertiliser plant

By: Esmarie Iannucci     14th June 2021 The Western Australian Environmental Protection Authority (EPA) last week approved the development of the CBH Kwinana fertilizer project. The project involves the construction of a dedicated liquid urea ammonia nitrate pipeline on the existing Kwinana Grain Terminal jetty, crossing the shoreline... 

Anglo sinking more into safety following report

By: Esmarie Iannucci     14th June 2021 Diversified major Anglo American has committed a A$5-million underground mining research fund, following the release of the Coal Mining Board of Inquiry’s final report on the safety of the Grosvenor coal mine, in Queensland. Anglo American in April this year re-entered the underground workings... 

Aus and Germany sign hydrogen agreement

By: Esmarie Iannucci     14th June 2021 The Australian government has announced a partnership with Germany that will invest in a series of new initiatives to accelerate the development of a hydrogen industry, creating new economic opportunities and jobs while reducing emissions. The Australia-Germany Hydrogen Accord built on the... 

Platinum jewellery sales continue to record strong rebound

By: Simone Liedtke     11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... 

China's Ganfeng Lithium to sell $630m of shares to fund expansion

By: Reuters     11th June 2021 Ganfeng Lithium, one of the world's top lithium producers, said on Friday it would sell around HK$4.9-billion ($630-million) in new shares to boost capacity and fund potential investments. The Chinese company in March announced an ambitious plan to increase its lithium production capacity... 

Aeris completes A$50m capital raise

By: Esmarie Iannucci     11th June 2021 Copper/gold producer Aeris Resources has completed a A$50.4-million capital raise to accelerate exploration at the Tritton copper project and the Cracow gold mine, in New South Wales and Queensland respectively. Some 287.9-million new shares will now be issued at a price of 17.5c each in an... 

Mandrake raises exploration funding

By: Esmarie Iannucci     11th June 2021 Junior Mandrake Resources will raise A$12-million in a share placement to institutional and sophisticated investors to fund an accelerated exploration drive at its Western Australian assets. The company on Friday reported that it would place 60-million shares, at a price of 20c each under the... 

Billions in upstream opportunities left - Woodmac

By: Esmarie Iannucci     11th June 2021 Advisory firm Wood Mackenzie (Woodmac) has estimated that a potential $14-billion of upstream oil and gas assets could potentially be coming into the market, as the merger and acquisition (M&A) market in Asia begins to thaw. Woodmac Asia Pacific vice chairperson Gavin Thompson noted that the... 

Macarthur ponders Pilbara spin-out

By: Esmarie Iannucci     11th June 2021 ASX- and TSX-V listed Macarthur Minerals on Friday announced plans to spin-out Pilbara iron-ore assets into a separately listed vehicle Infinity Mining. Infinity, which was previously a wholly owned subsidiary of Macarthur known as Macarthur Australia, holds the company’s Pilbara... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

MRC starts graphite production at Norway mine

By: Esmarie Iannucci     11th June 2021 ASX-listed Mineral Commodities (MRC) has started mining operations at the Trælen graphite mine, in Norway, through its 90%-held subsidiary Skaland Graphite. “The commencement of decline mining represents a new chapter in the life of Trælen mining operations, which until now have been following... 

Qld govt to expand renewables fund to include hydrogen

By: Esmarie Iannucci     11th June 2021 The Queensland government will expand its A$500-million Queensland Renewable Energy Fund into a A$2-billion Renewable Energy and Hydrogen Jobs Fund as part of its Covid-19 Economic Recovery Plan. The A$2-billion investment will provide cheaper, cleaner energy to power more industries and create... 

Qld govt to expand renewables fund to include hydrogen

Aus, Singapore sign A$30m partnership on hydrogen

By: Esmarie Iannucci     11th June 2021 The Australian government has announced a A$30-million partnership with Singapore to accelerate the deployment of low emissions fuels and technologies, such as clean hydrogen, to reduce emissions in maritime and port operations. Prime Minister Scott Morrison said Australia was driving practical... 

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters     11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... 

Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

By: Simone Liedtke     10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... 

ARR prospects for scandium on Zenith property

By: Marleny Arnoldi     10th June 2021 ASX-listed American Rare Earths (ARR) has acquired the rights to explore, develop and process scandium, nickel and cobalt at the Split Rocks project, in Western Australia. The acquisition of the Scandium Mineral rights over the project, from fellow-listed Zenith Minerals, is consistent with the... 

Sandvik expects bigger market for battery-driven mining gear in two to three years

By: Reuters     10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... 

‘Overwhelming’ support for Beament-led VentureX recap

By: Mariaan Webb     10th June 2021 Shareholders in ASX-listed VentureX Resources have given their “overwhelming” backing for a Bill Beament-led strategic funding package, designed to reposition the company to be come a supplier of new-generation energy and technology metals. The approval at an extraordinary general meeting (EGM)... 

‘Overwhelming’ support for Beament-led VentureX recap
VentureX incoming executive director Bill Beament

Investors with $41tr ask G7 to stop subsidising fossil fuels

By: Bloomberg     10th June 2021 A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457... 

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